📢 Finance Ministry Approves 8.25% EPF Interest Rate for FY 2024–25: A Boost for Over 70 Million Subscribers
Date: May 26, 2025
By: Aaerm Law Associates
🏦 Government’s Decision to Retain 8.25% EPF Interest Rate
The Indian government has confirmed an 8.25% interest rate on EPF deposits for the financial year 2024–25. This decision follows the recommendation of the Employees’ Provident Fund Organisation (EPFO) and aims to benefit over 70 million subscribers. The interest is scheduled to be credited to subscribers’ accounts shortly .
💰 Implications for Subscribers
With the 8.25% interest rate, subscribers can expect a stable and attractive return on their EPF savings. For instance, a subscriber with a balance of ₹2.5 lakh could earn approximately ₹20,000 in interest for the year. The tax-free nature of this interest, up to a specified limit, enhances its appeal compared to other fixed-income instruments .
📊 Comparison with Previous Years
| Financial Year | Interest Rate |
|---|---|
| 2024–25 | 8.25% |
| 2023–24 | 8.25% |
| 2022–23 | 8.15% |
| 2021–22 | 8.1% |
| 2020–21 | 8.5% |
The current rate of 8.25% is consistent with the previous year, reflecting the government’s commitment to providing stable returns to EPF subscribers.
📈 Financial Health of EPFO
The EPFO has reported a record income of ₹1.07 lakh crore for the financial year 2023–24, based on a principal amount of approximately ₹13 lakh crore. This performance supports the sustainability of the 8.25% interest rate and underscores the EPFO’s robust financial health .
🔍 How Subscribers Can Monitor Their EPF Accounts
Subscribers can check their EPF balance and interest credits through the following methods:
- UMANG App: A mobile application providing access to various government services, including EPF balance checks.
- EPFO Portal: The official website of EPFO offers online services for balance inquiry and other functionalities.
- Missed Call Service: Subscribers can give a missed call to 011-22901406 to receive their EPF balance details via SMS
✅ Conclusion
The Finance Ministry’s approval of the 8.25% EPF interest rate for FY 2024–25 ensures that subscribers continue to receive competitive returns on their retirement savings. This decision reflects the government’s ongoing commitment to supporting the financial well-being of salaried individuals across India.
